BHMG Bh Macro Limited

 
TIDMBHMG TIDMBHMU 
 
BH MACRO Limited 
   (an authorised closed-ended collective investment scheme established as a 
  company with limited liability under the laws of Guernsey with registration 
                                 number 46235) 
                                (The "Company") 
 
LEI Number: 549300ZOFF0Z2CM87C29 
 
25 June 2020 
 
                       RESULT OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting of the Company held on 25 June 2020, all Ordinary 
Resolutions set out in the Annual General Meeting Notice sent to Shareholders 
dated 28 May 2020 were duly passed. 
 
Details of the proxy voting results which should be read along side the Notice 
are noted below: 
 
  Ordinary          For          Discretion       Against      Abstain 
 Resolution                       (voted in 
                                   favour) 
 
      1          11,872,103           0            4,413        5,493 
 
      2          11,871,783           0            4,733        5,493 
 
      3          11,871,783           0            4,733        5,493 
 
      4          11,872,103           0            4,413        5,493 
 
      5          11,755,951           0           120,565       5,493 
 
      6          11,871,980           0            4,413        5,616 
 
      7          11,868,413           0            8,103        5,493 
 
      8          11,753,631           0           122,885       5,493 
 
      9          11,871,783           0            4,733        5,493 
 
     10          11,868,290           0            8,103        5,616 
 
   Special          For          Discretion       Against      Abstain 
 Resolution                       (voted in 
                                   favour) 
 
     11          11,872,103           0            4,413        5,493 
 
     12          11,871,980           0            4,413        5,616 
 
Note - A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution. 
 
The above figures aggregate the proxy votes received on the US Dollar shares 
and Sterling shares in accordance with the respective voting rights applicable 
to each US Dollar share and Sterling share on a poll, being 0.7606 votes per US 
Dollar share and 1.471 votes per Sterling share. 
 
The Special Resolutions were as follows: 
 
Special Resolution 11 
 
IT WAS RESOLVED that the Company be and is hereby generally and unconditionally 
authorised in accordance with the Companies (Guernsey) Law, 2008, as amended 
(the "Companies Law"), to make market acquisitions (as defined in the Companies 
Law) of each class of its shares (either for the retention as treasury shares 
for resale or transfer, or cancellation), PROVIDED THAT: 
 
a.    the maximum number of shares authorised to be purchased shall be 374,512 
shares designated as US Dollar shares and 2,213,951 shares designated as 
Sterling shares (respectively being 14.99 per cent. of the shares of each class 
in issue as at the latest practicable date prior to the date of publication of 
this document (excluding in each case shares held in treasury)) ; 
b.    the minimum price (exclusive of expenses) which may be paid for a share 
shall be one cent for shares designated as US Dollar shares and one pence for 
shares designated as Sterling shares; 
 
c.    the maximum price which may be paid for a share of the relevant class is 
an amount equal to the higher (a) 105 per cent. of the average of the middle 
market quotations for a share of the relevant class on the relevant market for 
the five business days immediately preceding the date on which the share is 
purchased; and (b) the higher of (i) the price of the last independent trade 
for a share of the relevant class and (ii) the highest current independent bid 
for a share of the relevant class at the time of purchase; and 
d.    the authority hereby conferred shall expire at the annual general meeting 
of the Company in 2021 unless such authority is varied, revoked or renewed 
prior to such date by a special resolution of the Company in a general meeting. 
 
Special Resolution 12 
 
IT WAS RESOLVED THAT in accordance with Article 6.4 of the Articles, the 
Directors be empowered to allot and issue (or sell from treasury) 249,841 
shares designated as US Dollar shares and 1,476,952 shares designated as 
Sterling shares(respectively being 10 per cent. of the shares in issue of each 
class as at the latest practicable date prior to the date of this notice 
(excluding shares held in treasury)) for cash as if Article 6.1 of the Articles 
did not apply to the allotment and issue (or sale from treasury) for the period 
expiring on the date falling fifteen months after the date of passing of this 
Resolution 12 or the conclusion of the next annual general meeting of the 
Company, whichever is the earlier, save that the Company may before such expiry 
make offers or agreements which would or might require shares to be allotted 
and issued (or sold) after such expiry and the Directors may allot and issue 
(or sell) shares in pursuance of any such offer or agreement notwithstanding 
that the power conferred by this Resolution 12 has expired. 
 
Enquiries: 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
The Company Secretary 
Trafalgar Court 
 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
 
Tel:        01481 745001 
 
 
 
END 
 

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